A Step-by-Step Guide to Using ActivTrades for Day Trading

If you want to be a successful day trader, you will need to locate a trading platform that is dependable, adaptable, and responsive.

If you want to be a successful day trader, you will need to locate a trading platform that is dependable, adaptable, and responsive, enabling you to perform your analysis and execute your trading strategy in the best possible manner, allowing you to make better and more educated trading choices.

The ActivTrader platform is a new online trading platform from the licensed CFD and Forex broker ActivTrades that is ideal for day traders of all levels. Let's look at why this platform is a good place to start if you want to get into day trading, as well as what its finest features are and how to utilize them.

What exactly is day trading？

Day trading is an aggressive trading technique in which you seek intraday trading opportunities lasting from a few minutes to a few hours. As a result, you will not leave any deals open overnight.

As a day trader, you will close all of your positions after your trading session, so you will know precisely how much money you gained (or lost) for the day. You will also be able to entirely disengage from the markets after you have completed your trade and resume trading the following day.

What do you need to be a successful day trader？

The majority of day traders depend on technical analysis to identify the finest chances and choose when to join or quit the markets. Furthermore, to profit from extremely short-term price movements, you will need rapid and exact order execution, since time is essential in day trading.

To access the financial markets, you must utilize a sophisticated and robust trading platform that employs cutting-edge technology to provide a complete, professional, and configurable trading environment.

Why is the ActivTrader Platform well-suited to day trading？

ActivTrades' new platform provides a credible alternative to the MetaTrader 4/5 platforms. ActivTrader was created as an expanded trading environment, providing a new trading dimension with sophisticated features that are very beneficial to day traders, particularly young and novice traders.

Furthermore, the broker provides efficient and fast execution with no re-quotes and low latency (average execution time of fewer than 0.004 seconds and over 93.60 percent of trading orders executed at the requested price), allowing traders to take advantage of state-of-the-art trading and resilient infrastructure.

Integration with TradingView

ActivTrades just incorporated TradingView, a robust and popular charting platform and social network, which means that most of its features and trading tools are now accessible to ActivTrades users. This new option gives traders access to a long (and increasing) array of complex and configurable trading capabilities and analysis tools.

What are the most important aspects of TradingView for day traders？

• 12 different chart kinds are available.

• Up to eight charts may be shown in a single arrangement.

• There are 25 indications per chart.

• Customized timetables

• More than 100 pre-built technical indicators

• 50+ sketching instruments

• More than 100 basic analytical tools

• 12 price, strategy, and indicator alert circumstances

• Trading on the charts

Progression of trailing pauses

The ActivTrader platform has a one-of-a-kind feature to further preserve your profits: progressive trailing stops. This feature allows you to maximize your earnings by enabling you to set up two extra layers that automatically change your stop-loss distance when the markets move in your favor and reach pre-determined trigger levels.

Why is progressive trailing stops useful for day traders？

• When your chosen market scenario occurs, this form of order may help you better safeguard your holdings (particularly your profits).

• If the market does not move against you, your progressive trailing stop will not restrict your profit as much as other forms of protective orders since you will remain invested as long as prices do not reach your stop-loss level, which will vary based on the multiple trigger points hit.

• Progressive trailing stops are completely adaptable, which means they may be utilized in any sort of trade.

• With such orders, emotions are removed from your trading process, enabling you to trade with more discipline.

Other financial management tools

Of course, progressive trailing stops aren't ActivTrades' only money management tools and precautions. You may use Smart Calculator to test various trade situations, simply modify your leverage impact, rapidly determine the size of your trading positions, and enjoy negative balance protection, among other advantages.

What are the benefits of using money management tools for day traders？

• They prevent losses from spiraling out of control.

• They better safeguard your trading funds.

• They enable you to set rules to follow to prevent emotions from taking control.

• They're important for maintaining a decent risk/reward ratio.

Feature on market sentiment

Once you've constructed your watch list, the mood indicator can immediately show you if the assets you're interested in are mostly being sold or purchased right now. As a result, this sentiment feature assists you in determining what the overall market attitude is regarding various assets. Depending on your analysis, you may next determine whether to trade with or against the flow.

What are the benefits of using a market mood indicator for day traders？

• This is an excellent market psychology-based tool for quantifying investor mood.

• It allows you to see how optimistic or bearish investors are on a certain asset.

• It enables you to anticipate price movement by taking into consideration market mood in your trade.

• Extreme readings may assist you in detecting future trend reversals.

The last word

As a day trader, the ActivTrader platform brings together all necessary and helpful tools and features to help you take your trading to the next level and improve your trading process for greater outcomes. Furthermore, ActivTrades provides the quick and dependable execution necessary for short-term trading.